Lexmark Acquires Hospitality Manufacturer Northwest Carpet
Dalton, GA, July 1, 2015—Lexmark Carpet Mills has completed acquisition of Northwest Carpet, Inc. Both companies manufacture in Dalton, Georgia.
Lexmark is a vertically integrated manufacturer that produces broadloom for hospitality, residential and niche commercial applications, and Northwest specializes in solution-dyed broadloom for the hospitality market.
Lexmark has been owned by H.I.G. Capital, LLC since September 2013.
Northwest Carpets was founded in 1977 by Randy Coker and his father Edward Coker. From the onset, Northwest has focused on supplying solution-dyed broadloom carpet to the price sensitive and custom oriented hospitality market. Floor Focus estimates that Northwest's annual turnover is just north of $30 million. Randy Coker remains an investor in the combined company as part of this transaction.